Archives For Income/Asset

Manuel Herrera, 34, Sacramento, California, a licensed real estate agent, pleaded guilty to conspiring to commit wire fraud in connection with a mortgage fraud scheme wherein the defendant and his conspirators conspired to obtain home loans from mortgage lenders based upon false and fraudulent loan applications.

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Rodney Watts, 42, Bronxville, New York, the former chief investment officer of GDC Acquisitions LLC (GDC), was sentenced in federal court in Brooklyn, New York, to 37 months in prison, to be followed by five years of supervised release. The charges against the defendant arose out of a scheme to defraud Amalgamated Bank, GDC’s asset-based lender, of $21 million in fraudulent loans.

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Mokorya Cosmas Wambura, 45, Takoma Park, Maryland, pleaded guilty to conspiring to commit wire fraud and aggravated identity theft arising from two separate residential mortgage fraud schemes.

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Jun Michael Dirain, 41, Antelope, California, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme.

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Jared Fanning, 35, Potomac, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 22 months in prison followed by three years of supervised release for wire fraud in connection with a scheme to fraudulently obtain mortgages worth approximately $13 million.

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Thomas Provenzano, 47, Torrington, Connecticut, waived his right to indictment and pleaded guilty before U.S. District Judge Janet Bond Arterton in New Haven to multiple conspiracy offenses stemming from his involvement in a series of fraudulent real estate transactions.

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Vadim Vilchitsa, 32, Sacramento, California, was sentenced by United States District Judge Kimberly J. Mueller to 15 months in prison, and Yevgeniy Y. Zazhitskiy, 39, North Highlands, California, was sentenced to 20 months in prison. Restitution will be set at a hearing on January 29, 2014.

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Alberto Solaroli, 59, Jacksonville, Florida, a Canadian citizen, who was living and working in Jacksonville, Florida, has been indicted on charges that he borrowed $1.5 million via false pretenses from OneBanc in April 2007.

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Michael Rory Woods, 44, Buffalo, New York, was charged by criminal complaint with making false statements on a loan application in order to secure a refinance mortgage.

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John Carlisle, 49, New Haven, Indiana, pled guilty before Magistrate Judge Christopher A. Nuechterlein to the felony offense of making false statements and reports regarding mortgage loans and aiding and abetting in such conduct.

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